More Russian firms keen to explore investment chances in Vietnam

TIN LIÊN QUAN
	Deputy PM hails Gazprom’s investment expansion plans in Vietnam
	Vietnamese studies contributes to Vietnam- Russia friendship: forum

Katyrin described Vietnam as one of the biggest markets with exceptionally rapid development.  With a network of more than 180 chambers of commerce and industries across the country, Russia has been helping small-and medium-sized enterprises seek business and investment opportunities.

Russia also encourages its firms to take part in exhibitions in Vietnam to promote trade and products, he said, adding that the upcoming Russia Expo in Vietnam is expected to draw dozens of Russian businesses.

Deputy Minister of Industry and Trade Do Thang Hai said trade between Vietnam and Russia has grown significantly since the EU-Vietnam Free Trade Agreement (EVFTA) came into force in 2016.

Deputy Minister Đỗ Thắng Hải. (Photo: Nguyễn Hồng)

In 2018, two-way trade increased 28.63 percent compared to the previous year. Russia became the 24th largest investor among 129 countries and territories pouring cash into Vietnam with 123 projects worth 932 million USD.

Vietnam has 22 investment projects worth nearly 3 billion USD in Russia. Dairy projects worth some 2 billion USD invested by the Vietnamese dairy group TH True Milk in Moscow and Kaluga have become a highlight in the two countries’ relations. In the near future, Vietnam and Russia will organise workshops and trade fairs to promote exports to the respective markets, Hai said.

Vietnam embassy boosts cooperation with Russian parliamentarians Vietnamese Ambassador to Russia Ngo Duc Manh had a working session with the Russia-Vietnam Friendship Parliamentarians’ Group at the Russian Federation Council on March 11.

Vietnam-Russia joint venture welcomes first oil flow from Ca Tam field The Vietnam-Russia oil and gas joint venture Vietsovpetro held a ceremony in the southern province of Ba Ria-Vung Tau on March 8 to welcome the ...

Vietnam and Russia: For a bright future 2019 is such an important year in Vietnam – Russia relation. The two naitons will celebrate the 25th anniversary of the signing of the Treaty ...